OXNARD, CA - Mission Produce, Inc., a world leader in sourcing, producing, and distributing fresh Hass avocados, reported its financial results for the fiscal fourth quarter ended October 31, 2025.

Fiscal Fourth Quarter 2025 Financial Overview:

• Total revenue of $319.0 million and achieved volume growth of 13% versus the same period last year
• Net income attributable to Mission Produce of $16.0 million, or $0.22 per diluted share, compared to $17.3 million, or $0.24 per diluted share, for the same period last year
• Adjusted net income increased 13% to $22.2 million, or $0.31 per diluted share, compared to $19.6 million, or $0.28 per diluted share, for the same period last year
• Adjusted EBITDA increased 12% to $41.4 million, compared to $36.9 million in the same period last year

Full Year 2025 Financial Overview:

• Total revenue of $1.39 billion and achieved volume growth of 7% versus last year
• Net income attributable to Mission Produce increased 3% to $37.7 million, or $0.53 per diluted share, compared to $36.7 million or $0.52 per diluted share last year
• Adjusted net income increased 6% to $56.2 million, or $0.79 per diluted share, compared to $52.8 million or $0.74 per diluted share last year
• Adjusted EBITDA increased 3% to $110.8 million compared to $107.8 million last year
• Owned exportable avocado production volume sold increased approximately 144% to 105 million pounds for the 2025 harvest season; volume was positively impacted by a return to normal growing conditions following a period of challenging weather-related events in the prior year
• Cash flow from operations of $88.6 million compared to $93.4 million last year

CEO Message

Steve Barnard, CEO of Mission, stated in the recent release, “Fiscal 2025 was a defining year for Mission Produce. We achieved record revenue of $1.39 billion, growing 13% on top of a strong 2024 driven by avocado volume growth of 7% through our Marketing & Distribution segment, and delivered record adjusted EBITDA in the fourth quarter. These results reflect the power of our integrated global platform and the exceptional execution of our team. Throughout the year, our connected commercial organization demonstrated remarkable agility—pivoting to capitalize on market opportunities across North America, Europe, and Asia—each of which experienced growth for the quarter and full year. We were able to optimize our owned Peruvian production across customers and markets in a balanced fashion that drove category penetration and deepened key customer relationships. Whether navigating pricing dynamics or managing supply across regions, our team leveraged the full breadth of our capabilities to drive volume growth and optimize per-unit margins. Combined with our company-wide effort to enhance collaboration, data-driven decision making, and disciplined execution, I'm confident Mission is well positioned to continue growing share through expanding our presence in the years ahead.”

Mr. Barnard concluded, “We enter fiscal 2026 with strong financial momentum and a very healthy balance sheet. We generated more than $180 million of operating cash flow over the past two years. With our heavy capital investment cycle now complete and capital expenditures expected to step down to approximately $40 million in fiscal 2026, we are positioned to accelerate free cash flow generation which provides us with great flexibility to create value for our shareholders.”

See the full report here.

WASHINGTON, DC - The U.S. Department of Agriculture (USDA) has imposed sanctions on three produce businesses for failing to meet contractual obligations to the sellers of produce they purchased and failing to pay reparation awards issued under the Perishable Agricultural Commodities Act (PACA). These sanctions include suspending the businesses’ PACA licenses and barring the businesses’ principal operators from engaging in PACA-licensed business or other activities without USDA approval.

The following businesses and individuals are currently restricted from operating in the produce industry:

• Chef Mumsie’s Brands LLC, operating out of Dana Point, Calif., for failing to pay a $31,098 award in favor of a Florida seller. As of the issuance date of the reparation order, Bridgette Horton was listed as the member/manager of the business.
• Jim Pandol and Company, Inc, operating out of Selma, Calif., for failing to pay a $6,200 award in favor of a Texas seller. As of the issuance date of the reparation order, James A. Pandol was listed as the officer, director and major stockholder of the business.
• SMCA Operations LLC, operating out of Pittsburgh, Pa., for failing to pay a $14,441 award in favor of a Pennsylvania seller. As of the issuance date of the reparation order, Abdullah Salem was listed as the member/manager of the business.

PACA provides an administrative forum to handle disputes involving produce transactions; this may result in USDA’s issuance of a reparation order that requires damages to be paid by those not meeting their contractual obligations in buying and selling fresh and frozen fruits and vegetables. USDA is required to suspend the license or impose sanctions on an unlicensed business that fails to pay PACA reparations awarded against it as well as impose restrictions against those principals determined to be responsibly connected to the business when the order is issued. Those individuals, including sole proprietors, partners, members, managers, officers, directors or major stockholders, may not be employed by or affiliated with any PACA licensee without USDA approval.

By issuing these penalties, USDA continues to enforce the prompt and full payment for produce while protecting the rights of sellers and buyers in the marketplace.

For more information, contact Penny Robinson-Landrigan, Chief, Dispute Resolution Branch, at (202) 720-2890 or [email protected].